NATIONAL MEDICAL FELLOWSHIPS INC

EIN: 010963657 501(c)(3) Health Care

ALEXANDRIA, VA

Total Revenue
$4,352,058
Total Expenses
$5,217,964
Total Assets
$8,010,236
Net Assets
$5,818,673
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Financial Trends

Organization Details

Formation Year
1946
Legal Domicile
NY
Principal Officer
MICHELLENE DAVIS
Phone
2124838880
Tax Period
2025-01-01 to 2025-06-30

NATIONAL MEDICAL FELLOWSHIPS INC, founded in 1946, is a community nonprofit in the Health Care sector that reported $4.4M in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $5.2M exceeded revenue, resulting in a 20% operating deficit.

Mission

THE MISSION OF NATIONAL MEDICAL FELLOWSHIPS, INC. ("NMF") IS TO BROADEN THE PATHWAYS TO MEDICAL EDUCATION, PROVIDE TRANSFORMATIVE LEADERSHIP OPPORTUNITIES, AND ENSURE CLINICAL RESEARCH INCLUDES EVERYONE. WE DELIVER PROGRAMS AND SUPPORT TO ENSURE THE FUTURE SUCCESS OF MEDICAL STUDENTS AND CURRENT PRACTITIONERS.

Program Service Accomplishments

Program 1
Expenses: $1,397,848

SCHOLARSHIPS AND AWARDS - NATIONAL MEDICAL FELLOWSHIPS' SCHOLARSHIPS AND AWARDS HAVE BEEN AT THE CORE OF ITS PROGRAMMING. NMF SCHOLARSHIP PROGRAMS RECOGNIZE MERIT AS WELL AS FINANCIAL NEED. OVER THE...

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SCHOLARSHIPS AND AWARDS - NATIONAL MEDICAL FELLOWSHIPS' SCHOLARSHIPS AND AWARDS HAVE BEEN AT THE CORE OF ITS PROGRAMMING. NMF SCHOLARSHIP PROGRAMS RECOGNIZE MERIT AS WELL AS FINANCIAL NEED. OVER THE YEARS, FUNDING FOR SCHOLARSHIPS HAS COME FROM HUNDREDS OF FOUNDATIONS AND FROM INDIVIDUALS. NMF ACTIVELY SEEKS AND WELCOMES PARTNERSHIPS TO BUILD AND EXPAND THE TYPES AND AMOUNT OF SUPPORT WE PROVIDE TO OUR SCHOLARS.

Program 2
Expenses: $1,011,465

MISSION-BASED EDUCATION - NATIONAL MEDICAL FELLOWSHIPSOFFERS MISSION-BASED, EXPERIENTIAL LEARNING PROGRAMS THAT ENHANCE SCHOLARS' KNOWLEDGE AND SKILLS REGARDING BEST PRACTICES IN COMMUNITY HEALTH...

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MISSION-BASED EDUCATION - NATIONAL MEDICAL FELLOWSHIPSOFFERS MISSION-BASED, EXPERIENTIAL LEARNING PROGRAMS THAT ENHANCE SCHOLARS' KNOWLEDGE AND SKILLS REGARDING BEST PRACTICES IN COMMUNITY HEALTH. THESE PROGRAMS PRESENT OPPORTUNITIES FOR SCHOLARS TO CULTIVATE AND STRENGTHEN THEIR COLLABORATIVE LEADERSHIP ABILITIES SO THAT THEY CAN ADDRESS THE HEALTH NEEDS OF ALL COMMUNITIES.

Program 3
Expenses: $738,730

PROFESSIONAL AND CAREER DEVELOPMENT - NMF PROVIDES SCHOLARSHIP INFORMATION TO STUDENTS AND ACADEMIC INSTITUTIONS AND COMMUNICATES THE CRITICAL NEED TO EXPAND THE HEALTHCARE WORKFORCE TO ADDRESS...

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PROFESSIONAL AND CAREER DEVELOPMENT - NMF PROVIDES SCHOLARSHIP INFORMATION TO STUDENTS AND ACADEMIC INSTITUTIONS AND COMMUNICATES THE CRITICAL NEED TO EXPAND THE HEALTHCARE WORKFORCE TO ADDRESS CURRENT AND GROWING SHORTAGES. NMF ALSO COORDINATES AND ORGANIZES VOLUNTEER AND COMMUNITY SERVICE OPPORTUNITIES TO PROMOTE PUBLIC AWARENESS ABOUT ITS PROGRAMS. IN ADDITION, WITH THE SUPPORT OF ALMUNI, FRIENDS, AND PARTNERS, NMF IS BUILDING A ROBUST ALMUNI NETWORK. THROUGH NMF ALMUNI-SPONSORED EVENTS AND OTHER ACTIVITIES, THIS NETWORK IS BEING BROUGHT INTO ACTIVE PARTNERSHIP TO STRENGTHEN AND EXPAND PROGRAMS, AND PROVIDE FINANCIAL SUPPORT FOR THE ORGANIZATION.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,030,896
Program Service Revenue $0
Investment Income $122,268
Other Revenue $198,894
TOTAL REVENUE $4,352,058

Expense Breakdown

Grants Paid $1,405,957
Salaries & Benefits $2,699,946
Fundraising Expenses $431,262
Program Expenses $3,706,533
Other Expenses $1,112,061
TOTAL EXPENSES $5,217,964

Year-over-Year Comparison

2024 2023 Change
Revenue $4,352,058 $5,702,310 -0.2%
Expenses $5,217,964 $10,256,054 -0.5%
Net Income $-865,906 $-4,553,744 -0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
18
Independent Members
17
Employees
N/A
Volunteers
122

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$199,186
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JON CORZINE CHAIRPERSON 40.00
Officer Director
$0 $0 $0
BRYAN R BAUGH VICE CHAIR 40.00
Officer Director
$0 $0 $0
EFRAIN TALAMANTES TREASURER 20.00
Officer Director
$0 $0 $0
JENNIFER SCHLENER SECRETARY 20.00
Officer Director
$0 $0 $0
KWEKU AWOTWI MEMBER 5.00
Director
$0 $0 $0
CARMEN SACHIKO VILLAR MEMBER 20.00
Director
$0 $0 $0
CALVIN WHEELER MEMBER 10.00
Director
$0 $0 $0
IMELDA DACONES MEMBER 5.00
Director
$0 $0 $0
JOHN JOHNSON MEMBER 5.00
Director
$0 $0 $0
GARY BUTTS MEMBER 5.00
Director
$0 $0 $0
FELIX MANUEL CHINEA MEMBER 20.00
Director
$0 $0 $0
KIMBERLY HENDERSON MEMBER 3.00
Director
$0 $0 $0
RAKIA REYNOLDS MEMBER 5.00
Director
$0 $0 $0
DALLAS LEA MEMBER 10.00
Director
$0 $0 $0
MIGUEL ALEXANDER POZO MEMBER 10.00
Director
$0 $0 $0
JOHN GORMAN MEMBER 10.00
Director
$0 $0 $0
LLOYD DEAN MEMBER 10.00
Director
$0 $0 $0
MICHELLENE DAVIS PRESIDENT & CEO 40.00
Officer
$179,183 $20,003 $199,186
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $4,352,058 $5,217,964 $8,010,236 $-865,906
2024 No data No data No data No data
2023 $5,441,202 $8,151,136 $14,600,690 $-2,709,934
2022 $17,808,122 $7,780,634 $16,882,584 $10,027,488
2021 $5,946,697 $4,384,821 $7,616,684 $1,561,876
2020 $3,575,737 $3,651,691 $4,985,532 $-75,954
2019 $5,565,523 $3,845,726 $4,024,778 $1,719,797
2018 $3,628,663 $3,957,357 $2,277,872 $-328,694
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